Chip stocks slide after Broadcom CEO likens AI investors to casino gamblers

Semiconductor shares fell across Asia on Tuesday after Broadcom's CEO compared AI investors to casino gamblers and Chinese rival CXMT reported new chip progress.

• South Korea's Kospi index fell 6.25 percent on Tuesday as Samsung Electronics dropped 7.4 percent and SK Hynix lost 10 percent.
• Broadcom chief executive Hock Tan said many AI investors "have no clue what they are investing in," likening their expectations to casino gambling.
• The South China Morning Post reported CXMT has made progress on new DRAM architecture and plans a server memory launch before the end of 2026.
• The Seoul exchange briefly halted automated trading linked to the Kospi index, a move not seen since August.
• KOSPI fell more than 7 percent in Tuesday trading to 5,914 points, its lowest level since late July.
• Japan's Nikkei 225 dropped 2.5 percent to 67,292 points, with Tokyo Electron down 6.6 percent and SoftBank Group down 8 percent.